The Federal Government Has Explained That President Bola Tinubu Requested To Increase The 2025 Budget From N49.7tn To N54.2tn To Avail More Revenue To Strengthen The Banks Of Agriculture And Industry.
It Said The Increase Would Also Support Its Diversification Programme By Investing More In The Solid Minerals Sector And Infrastructure Projects.
The Minister Of Budget And Economic Planning, Atiku Bagudu, Disclosed This To Journalists After He Saw Off President Bola Tinubu At The Nnamdi Azikiwe Airport, Abuja, En Route To France.
Recall That In A Letter Addressed To The Speaker Of The House Of Representatives, Tajudeen Abbas, Tinubu Sought An Additional N4.5tn To The 2025 Appropriation Bill Being Considered By The National Assembly.
Explaining The Rationale For The Adjustment, Bagudu Said It Was Established That The Government-Owned Enterprises, Including The Nigeria Customs Service, Can Contribute More Revenue.